How to run a tax-efficient recognised property business
How you own investment property will directly affect the amount you can borrow and how much tax you - and eventually your heirs - will have to pay.
Updated for 2018 and the current political climate, Tony Gimple will cover some of the different structures by which you can own property - and what maximising the commercial benefits of running a recognised professional property business really means.
In addition, the session will look at:
· What S24 will cost you if you do nothing
· The PRA requirements for portfolio landlords
· What you can achieve by running a recognised professional property business
Yes the tax and mortgage changes are now upon us, and whilst time is rapidly running out to successfully offset the onslaught, don’t let the tax tail wag the planning dog – the goal is to make money and tax is a consequence of that.
Come to the seminar (and visit the Less Tax 4 Landlords stand) to see if we can help.
Co-owner of Less Tax for Landlords, Tony Gimple is a personal estate and business succession planning expert.
He is also a serial entrepreneur with a list of firsts to his name. Tony pioneered embedding mortgage brokers into estate agents with Legal & General, helped to set up the UK's first mainstream fee based financial planning business for American Express, and co-founded the UK's first deregulated law firm (which in part led to the Legal Services Act that allows non-solicitors to own and run law firms).
A regular panel member on Property Question Time, he has also written the Less Tax 4 Landlords guide to Owning Investment Property, and ghost authored the Sunday Telegraph Guide to Wills, Trusts, & Inheritance Tax.
Tony most enjoys helping people protect their hard-earned wealth for themselves and those they care about the most, whilst at the same time maximising the commercial benefits of running a professional property business. His biggest strengths are creative and original freethinking and the ability to motivate and mobilise people to achieve their goals.